They finally said the D word on TV

iVillage Member
Registered: 11-17-2007
They finally said the D word on TV
16
Tue, 10-21-2008 - 8:15pm

Yes they finally are starting to say Depression and not Recession on TV. I am always watching On the Money on CNN and also the show after it with that guy named Donnie (can not remember his last name)


I didn't see it night before last but it seems Cramer was on as a guest and that is what started this Depression talk. Cramer is saying that the worse has not come yet.

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iVillage Member
Registered: 07-26-1999
Wed, 10-22-2008 - 9:52pm

I am going to be the dissenting voice and say I think it might be possible. The British Prime Minister Gordon Brown stated unequivocally today that Britain is in a recession.

The fact that the Canadian dollar is now worth less than 80 cents against the US$ when it was at par three months ago (and worth over a dollar US not so much longer ago) tells a fairly scary tale as far as I am concerned. The fact that the Canadian dollar is weak is not because of a bad Canadian economy, my understanding it is because a lot of US banks are hoarding cash and not lending it.

iVillage Member
Registered: 11-17-2007
Thu, 10-23-2008 - 2:47am

Mexican government had to do a big bail out of their banks today

iVillage Member
Registered: 12-03-2007
Thu, 10-23-2008 - 9:10am

Hi all,


Speaking from England I can tell you that things are pretty tight over here too.

iVillage Member
Registered: 11-17-2007
Thu, 10-23-2008 - 2:13pm

I feel for the world I really do and if it is anything like my parents went through in 1929 it is going to get worse for us all.


They just came on TV the afternoon news and said the markets in South Korea just fell by 7% For them that is a 7 year low.


I wish you and your husband all the luck I can send to you over the ocean that you will stay above water and reach your get debt free or close to it goal


Hugs


Mary Ann


iVillage Member
Registered: 04-26-2006
Thu, 10-23-2008 - 3:53pm

It was on the UK news earlier that JCB, a big international company, have had their workers vote through their union to cut hours across the board and loose £50 a week to save jobs from being cut.

iVillage Member
Registered: 12-03-2007
Fri, 10-24-2008 - 3:29am

Thanks Mary Ann, you're an inspiration to us all.


tc


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